The foreclosure process on commercial real estate properties in default can take months and sometimes years. While the foreclosure is in process Advantage Legal Group helps the bank or commercial real estate lender as the "Receiver" on the property. This means is that ALG takes over the property management protecting the bank's interest in the property.

ALG provides legal receivership services on commercial real estate properties such as apartment complexes, commercial strip malls and multi-family investment properties.
This includes any legalities pertaining to the property, collecting rent or lease payments for the bank, property maintenance, forensic accounting on the property and eviction services if needed.

In many commercial realestate foreclosure situations the loan payment exceeds the lease income on the property and the property owner has defaulted on the loan. The bank has the right to hire an attorney as a receiver to protect the bank's interest in the property and offset defaulted loan payments by collecting lease payments on behalf of the bank.
In addition to commercial real estate receivership services Advantage Legal Group employs commercial real estate brokers that can list and sell the commercial property when the foreclosure process is complete.

Commercial real estate lenders and banks are encouraged to visit the Advantage Legal Group website at http://www.SeattleReceivership.com for more information on legal [receivership in Seattle, Bellevue, Tacoma, Everett and Western Washington.
Advantage Legal Group is a law firm with offices in Seattle and Bellevue, WA.